046- How to Rescue Your Own Business

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In this episode, we discuss the concepts behind the TV rescue shows that walk you through fixing your own business.  Many owners fall prey to deteriorating business conditions without realizing the effects on operatons, people and bottom line results.  You can get help from outside resources but you can also do a few things to improve your own situation.

:45   Introduce episode: 
There are numerous shows on TV focused on business rescues; Bar Rescue, Hotel Rescue to name the more popular ones.  Both focus on different types of businesses but each uses the same method of diagnosing the turning the business around.
 
1:15   Who benefits from this show? 
Owners who want to be connected with and responsible for their success.
 
2:00   Talking points: (8:00 mins)

1. Why do businesses decline?
2. Why is it so difficult to see the decline?     

 
10:00 Tips for improving in this area or overcoming this problem: (7:00 mins)

1. Be objective about your condition and the role you plated in getting there
2. Re-introduce standards into your business
3. Talk with your staff about the need to change and what you will do to facilitate it
4. Provide training and coaching to help staff meet the new standards
5. Make meaningful upgrades to your facility and operating practices.

 
17:00  Final Take-aways: (2:00 mins)
Every business drifts from their original path at some point.  As the owner, it's your responsibility to see this and navigate it back on course.
 
19:00 Closing comments:
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20:00 Show ends
 
Resource Information:
            https://www.growthsourcecoaching.com/a-resourceful-way-to-rescue-your-business.html